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Sherwin-Williams will acquire Valspar paints on June 1, after winning final regulatory green-light – May 2017

Sherwin-Williams Co. on Friday afternoon announced it has received the final regulatory green light to acquire the Valspar Corp., clearing the way for the Cleveland-based paint company to become one of the world’s largest.  The approvals from the U.S. Federal Trade Commission and the Canadian Competition Bureau were the final obstacles required to close the acquisition of Valspar for $113 per share in cash, or about $11.3 billion. Valspar, a Minneapolis-based global paints and coatings company whose consumer paints are sold in home-improvement stores, will be the largest acquisition in Sherwin-Williams’ 151-year history. The deal will create a mammoth global paint company with combined estimated revenues of $15.6 billion, adjusted earnings of $2.8 billion, and about 58,000 employees…Read the full article